Published: 26/04/2017After decades of being outshone by its attractive neighbours, Fitzrovia and Mayfair, this year Marylebone has become the hottest district for buyers in Central London.
According to research by Knight Frank, although property prices across the most expensive areas in London have dropped by an average of 6.4% over the past year, they have held their own in Marylebone, rising 0.7%.
Once known as a quiet choice for ageing professionals, Marylebone’s increasing appeal has been put down in part of the “Chiltern Firehouse” effect, which has drawn celebrities such as Ellie Goulding, Kylie Minogue and Madonna to the area.
“Chiltern Street and Marylebone Road have a good mix of independent retailers and restaurants have emerged into the area which makes it immediately more worthy of attracting footfall, recognition and demand”, said Liam Bailey, global head research at Knight Frank.
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